Lindiwe Mazibuko: "Investors & Jobs Will Come To South Africa If President Zuma Acts Right On Mining Policy"

Mazibuko: one of President Zuma's fiercest critics

Asserts the South African moderate-liberal parliamentarian: "To place the sector on the path to full productivity, Zuma’s first step must be emphatically to state that the government will never seize platinum mines. This requires telling Mineral Resources Minister Susan Shabangu to withdraw her irresponsible remark that it might do so. It is disturbing that our unstable northern neighbour, Zimbabwe, is considered by many investors to be safer than South Africa."

She continues her commentary: "This does not legitimise 'rent-seeking' or the 1970s’ 'heavy hand' of government. Rather, it symbolises a damning indictment of how volatile our mineral resource policy environment is perceived by mining houses. At Davos [Economic Forum] and beyond, Zuma must guarantee that South Africa will not tilt towards the resource nationalism of Venezuela’s Hugo Chavez."

More commentary from MP Mazibuko, about mining policy: "Zuma’s second action must be to manage and persuade his own party base — from the African National Congress (ANC) Youth League to the Cabinet. His government’s competence is constrained by three factors: the lack of a coherent policy tool kit; the absence of the confidence of industry investors; and an inadequate understanding of the geopolitical dimension of mineral resource policy. Because of the untapped potential of the minerals sector for job and wealth creation, the government must show a solid grasp of the portfolio’s strategic importance. It must also look at comparative models of what our competition is doing.

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